House Repeals CLASS Program

The House passed a bill to repeal the Community Living Assistance Services and Supports Act (CLASS program), a portion of Obamacare. The program was touted as a voluntary, pay as you go program, to be financed wholly from premiums people would pay into the government-run long-term care insurance program. However, the major flaw in the proposed program (it hasn’t gone into effect as yet) was that a large number of people were expected to enter into the program shortly before they needed long-term care, ending up with the government (taxpayers) bearing the bulk of the payouts to the tune of $81 billion over the next 10 years.